Shinhan Bank Vietnam Limited SWIFT/BIC code

What SHBKVNVX means for a payment to Shinhan Bank Vietnam Limited

The 8-character code SHBKVNVX and the 11-character code SHBKVNVXXXX refer to the same bank: Shinhan Bank Vietnam Limited in Ho Chi Minh City, Vietnam. Banks worldwide use these codes to direct international transfers to the right bank. It comes up mostly when dealing with payments that cross a border and payments in foreign currencies.

We wrote this page to help anyone who sends money to an account at Shinhan Bank Vietnam Limited without mistakes. Keep in mind that the BIC just identifies the bank, not the account: the IBAN or account number takes care of that.

Choosing between the 2 SWIFT codes of Shinhan Bank Vietnam Limited

We have 2 SWIFT/BIC codes for Shinhan Bank Vietnam Limited, spread over 1 locations. Besides the head office code SHBKVNVXXXX, you will find codes for individual branches and departments.

In most cases there is no need to pick a branch: payments addressed to SHBKVNVXXXX reach Shinhan Bank Vietnam Limited without problems. If you have been given a branch code, stick to it instead of replacing it with the head office code.

The best way is to take the code directly from the recipient’s bank details. Branch codes can change when banks reorganise, so do not rely on old paperwork.

How to check SHBKVNVX before you pay

Ask the recipient to copy the bank details directly from their online banking. If the code you have does not match SHBKVNVX or SHBKVNVXXXX, do not guess: check with the recipient or with Shinhan Bank Vietnam Limited directly.

If the code is wrong, the payment might be delayed, be returned or cost extra – sometimes after weeks of searching. An error in the IBAN or account number can be a bigger problem because it can reach the wrong person; check it just as carefully.

A format check in your banking app merely tells you that the code exists, not that it is the right account. If your bank offers it, a payee name check on the recipient gives extra certainty. A small test payment is a sensible step for large sums despite the extra fee.

Protect yourself against fake payment requests

One of the most common tricks works like this: an email arrives with a message saying that a supplier has a new bank account and that the next payment should go there. The fact that SHBKVNVX exists is no guarantee that a request mentioning it is legitimate – fraudsters use real bank codes as well.

Before paying, confirm changed bank details through a phone call, using a number you already had. Urgency or secrecy tend to be warning signs; a genuine business can wait for you to check. Acted too fast? Contact your bank without delay and have them start a recall.

People receiving money are targeted too: a classic trick is an overpayment followed by a request to refund the difference abroad. A payment confirmation from the sender proves nothing; only your own account shows what has arrived.

How long does an international transfer to Shinhan Bank Vietnam Limited take?

How quickly a payment arrives at Shinhan Bank Vietnam Limited is determined by several factors: the currency, how many intermediary banks are involved, daily processing deadlines and time zones. Bank holidays in either country add extra days to the journey. Compliance checks on larger or unusual payments may also add some delay, regardless of the details.

Many banks are connected to SWIFT gpi. Every gpi transfer carries a unique transaction reference, the UETR. Save your transfer receipt until the money has arrived.

If a payment has not arrived after a few business days, the sender should contact their own bank. On the receiving end, you can look at your account for a partial amount.

Incoming international payments to Shinhan Bank Vietnam Limited

To receive a transfer from abroad into your account at Shinhan Bank Vietnam Limited, the sender needs not just the BIC. That means: your name exactly as it appears on the account, your IBAN or account number, the BIC SHBKVNVXXXX (or SHBKVNVX) and usually your address.

It helps to include Shinhan Bank Vietnam Limited and Ho Chi Minh City too, because some payment forms have separate fields for them. Double-check every detail before you send them – a sender rarely spots a mistake in someone else’s details.

The amount you receive can be less than the amount sent. Correspondent banks can take a fee, Shinhan Bank Vietnam Limited may charge for incoming payments, and if the money is converted, a markup on the rate comes on top. For business payments, you can agree who bears the costs, so that nobody is left short.

8 or 11 characters: SHBKVNVX versus SHBKVNVXXXX

A BIC is made up of fixed blocks: the first four letters identify the bank, characters five and six give the country and characters seven and eight indicate the location. Combined, those parts form SHBKVNVX, the code most people search for.

Most payment forms accept either length. If yours asks for eleven characters, use SHBKVNVXXXX; if it wants eight, use SHBKVNVX.

As a rule the code is typed in capitals. A single letter can send a payment to another bank.

How up to date is this code?

Our SWIFT/BIC directory is compiled from publicly available sources. Still, banks merge or retire codes. The number of codes on this page reflect what is in our directory, not official figures from Shinhan Bank Vietnam Limited.

Treat our directory here as a helpful check. GoldexPay is not affiliated with Shinhan Bank Vietnam Limited, we only compare transfer services. Spotted an error? Tell us through the contact page.

What a transfer from Shinhan Bank Vietnam Limited abroad really costs

The price of an international transfer has more than one component. There is the fee for the transfer itself, sometimes fees charged by intermediary banks along the way and, above all, the exchange rate markup.

Most of the cost usually sits in the exchange rate, not in the fee: many banks convert using an exchange rate with a margin built in. Compare their rate against the mid-market rate, the midpoint between buy and sell rates you see on financial sites. The difference is your real conversion cost.

Specialist money transfer services often use rates closer to the mid-market rate. On GoldexPay you can compare what recipients receive across services, so you can pick the cheapest route. Choosing a specialist does not require leaving Shinhan Bank Vietnam Limited.